Calcium Bromide Market Size and Growth: Insights into Market Dynamics

 The market for calcium bromide is predicted to reach US$ 5.3 billion in 2022 and to reach US$ 8.8 billion by 2032, growing at a CAGR of 5.2%.

In the power sector, calcium bromide is also used as an oxidant to reduce mercury emissions. Additionally, calcium bromide is used in the treatment of neuroses, hydraulic fluids for automotive suspension, brominated flame retardants, dry plates and light-sensitive sheets for photography, as well as mercury emission controls.

Calcium bromide (molecular formula: CaBr2), having a density of 14.2 lbs/gal, is regarded as clear brine fluid. Calcium Bromide is utilized with calcium chloride in oil & gas completion & drilling operations to make the drill cuttings brine free. Calcium bromide is a white powder, odourless in nature, and is formed from calcium salt of hydrobromic acid, which a volatile acid used to formulate other industrial compounds.

For info on vendors and their offerings – Request a sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10732

Calcium Bromide: Market Dynamics

Calcium bromide market demand is heavily influenced by its application in the oil & gas industry. Stabilizing crude oil prices have resulted in an influx of investments in the oil & gas industry, driving drilling and production activities along with work-over operations. Clear brine fluids such as calcium bromide are used to minimize the damage to oil & gas reservoirs and to control formation pressure.

This has been creating noteworthy demand for calcium bromide market. Moreover, calcium bromide also find usage for restraining mercury emission at coal fired power plants. Elemental mercury which is released when the coal is burnt is difficult to capture at combustion temperatures. Hence, bromine based compounds such as calcium bromide are used to oxidize the elemental mercury into flue gas, which can be captured by current abetment equipment.

Formulation of strict government regulations encouraging the usage of halogenated flame retardants in EU countries, the U.S. and Canada, is expected to decrease the consumption of calcium bromide in flame retardants in these regions. However, Asian markets such as India and China, still witness high usage of brominated flame retardants owing to lenient regulations, which is anticipated to drive the demand of calcium bromide in these countries.

Calcium bromide is gaining significance in the oil & gas drilling industry as a better alternative to conventional drilling fluids. Increasing exploration & production ofdeep sea reserves, growing instances of horizontal drilling due to complexities in reservoirs, constant efforts from various developing nations to obtain energy security, are some of the factors contributing towards the growth of oil & gas industry, which in turn is driving the demand of calcium bromide. Booming shale gas production in the U.S. and coal bed methane gas production in China, India and Australia are anticipated to significantly ramp up oil & gas drilling activities in the coming years. Hence, the market vendors in the calcium bromide market are expected to achieve significant revenue base by targeting oil & gas producers involved in the development of these unconventional reservoirs.

Calcium Bromide: Market Key Players  

Some of the major participants operating in the global calcium bromide market include the following players:

  • Tetra Technologies Inc
  • Albemarle Corporation
  • Lanxess AG
  • ICL- Industrial
  • Jordan Bromine Company
  • IRO GROUP INC.
  • Weifang Taihexing Chemical Industry
  • Neogen Chemicals Limited
  • Shouguang HongHai Chemical Co. Ltd.
  • Weifang Rixing Chemical Co., Ltd.
  • Shandong Dongxin New Materials Technology Co., Ltd.

Calcium Bromide: Market Segmentation

Type:

  • 7774-34-7 hexahydrate
  • 7789-41-5 anhydrous
  • 22208-73-7 dihydrate

Products:

  • Technically specified rubber (TSR)
  • Ribbed smoked sheet (RSS)
  • Latex
  • Others

End Use:

  • Oil & Gas
  • Automotive
  • Power Generation
  • Others

Application:

  • Clear brine fluid
  • Oxidizer

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • APEJ
  • Japan

 

 

Comments

Post a Comment

Popular posts from this blog

Global Tire Materials Market Poised for Expansion, Reaching USD 128,201.5 Million by 2035

The global tire materials market is poised for significant expansion in the coming years, fueled by innovations in material science, increasing demand for energy-efficient and eco-friendly solutions, and a growing automotive industry. With market revenues estimated at over USD 86,441.3 million in 2025 , this sector is expected to register a steady growth rate of 4.0% CAGR through 2035. Key Market Drivers 1.      Demand for Sustainable Materials: The increasing push towards sustainability has led to the widespread adoption of green technologies and materials in tire manufacturing. From natural rubber to bio-based additives, tire manufacturers are increasingly seeking eco-friendly alternatives that reduce the carbon footprint and improve recyclability. As governments and consumers push for sustainable products, tire manufacturers are evolving to meet these demands. 2.      Technological Advancements in Tire Composition: Innovations in mate...
Read more

Market Insights: Spray Foam Insulation to Reach USD 4.11 Billion by 2034

The global spray foam insulation market is experiencing robust growth, driven by increasing demand for energy-efficient building solutions and stringent regulations on reducing carbon footprints. Spray foam insulation has become a preferred choice across residential, commercial, and industrial sectors due to its superior thermal resistance, energy-saving potential, and durability. Market Overview The spray foam insulation market is expected to expand at a CAGR of 6.6% during the forecast period from 2024 to 2034. Key drivers for this growth include rising construction activities, increasing awareness of energy conservation, and advancements in insulation technologies. Spray foam insulation, available in open-cell and closed-cell formulations, provides exceptional air sealing properties and moisture resistance, making it ideal for a variety of applications, from attics and walls to roofs and basements. Latest Market Trends 1.      Green Building Initiatives...
Read more

Global Construction Chemicals Industry: Projected 5.20% CAGR Through 2034

The global construction chemicals market is poised for significant expansion, driven by increasing urbanization, infrastructure development, and demand for sustainable construction solutions. With applications spanning residential, commercial, and infrastructural projects, construction chemicals are becoming indispensable in modern construction practices. According to industry projections, the construction chemicals market is expected to achieve a compound annual growth rate (CAGR) of 5.20% , reaching a valuation of approximately USD 79,548.1 million by 2034. This growth is fueled by rising investments in construction projects, particularly in emerging economies, as governments prioritize infrastructure development to support economic growth. Key Growth Drivers: 1.      Urbanization and Population Growth: Rapid urbanization in developing regions is increasing the demand for housing and commercial spaces, driving the adoption of advanced construction chemica...
Read more